Instant payments are becoming a reality, driven in large part by consumers’ and business’ desire for payments that settle in seconds. FedNow, the Federal Reserves’ real-time payments solution, is in pilot today and scheduled for release in 2023. Financial institutions must use FedNow within seven years.
For financial institutions, the benefits of instant payments include the ability to offer new revenue generating mobile and online P2P payment options, improve customer satisfaction and retention, reduce costs and risks, and minimize the volume of payments traveling through closed-loop payments systems that disintermediate banks.
Preparing for instant payments through FedNow means addressing technology, operational, compliance, and organizational readiness. To evaluate where you are today and where you need to be, download this white paper and get ready to take advantage of the benefits of instant payments.
03/09/2023
To position an early startup for Series A funding, Ippon was enlisted to design & develop the IoT cloud infrastructure to support scaled delivery of the proof of concept (PoC) to beta users. In parallel, this doubled as a coaching opportunity to lift team delivery and efficiency, by partnering with the Head of Product to create their first roadmap, introduce agile processes, and enhance communication across the organization.
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03/09/2023
This customer is a top credit card issuer in the US. They used an antiquated system to track their fraud and dispute cases. The system required licensing fees and was expensive to change for new business requirements. Our solution required building a new “Case-as-a-Service” platform with modern technology that was easy to change and usable by the entire enterprise. This case system handled any type of case management required among all lines of business. The customer’s primary business is credit cards, but they also have retail and commercial banking divisions. The customer prides themselves on being leaders in technology within banking. This same customer also has fully adopted the cloud and has exited data centers entirely.
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03/09/2023
Top 10 private equity firm uses a data lake transformation to also pilot agile development. Their first attempt loses steam, but Ippon takes a different approach.
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